TikTok CEO To Testify Before Congress
The March 23 hearing of the U.S. Energy and Commerce Committee will be TikTok CEO Shouzi Chew’s first appearance before a U.S. Congressional committee.
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SoftBank’s Ex-COO Claure to Join Shein as Head of Latin America
Marcelo Claure has also made a personal investment of $100 million into the Chinese startup which has grown into one of the most popular fast-fashion retailers in the world.
Biden Administration May Fully Cut Off Huawei From U.S. Suppliers
The U.S. has been stepping up its efforts to limit China’s access to key technologies due to national security concerns.
San Francisco Officials Urge Caution on Expanding Robotaxi Approvals for Waymo, Cruise
In one case, a Cruise vehicle with no driver approached the scene of a house fire and drove over a hose firefighters were using to put out the blaze.
Paramount+ and Showtime to Merge Streaming Services
Planned for later this year, the company also said it will reduce costs and warns of upcoming layoffs as a result of the merger.
Twitter Reportedly Makes First Debt Payment
Twitter owes around $1.2 billion in annual interest on Musk’s debt.
New York Regulator Investigating Crypto Exchange Gemini
Gemini Earn customers have had hundreds of millions of dollars stuck in limbo since mid-November, when lending partner Genesis halted withdrawals.
Chinese Online Retail Giant JD.com Retreats in Southeast Asia
The Chinese rival to Alibaba said it was closing down its e-commerce operations in Thailand and Indonesia.
China’s Baidu to Launch ChatGPT-like Service
Baidu will launch the natural language bot as a standalone app and then bring it into its search engine.
Amazon Fresh Hikes Grocery Delivery Fees
The move comes after Amazon last week laid off employees in its retail division last week.
Shopify CTO Departs Following Layoffs of Technical Leaders
Allan Leinwand is departing the company, adding to a string of executive exits at the e-commerce software giant.
Bankrupt Online Wine Seller Winc Finds Buyer For Assets
The online retailer is the latest direct-to-consumer company to be hurt by the rising cost of digital advertising.
Salesforce Shakes Up Board
The makeup of Salesforce's board has come under scrutiny since Elliott, along with two other activists, appeared earlier this week amid complaints about Salesforce's performance.
Japan and Netherlands To Join U.S. Restrictions on Chip Machinery Exports to China
The two countries were set to implement restrictions on the sale of high-tech manufacturing equipment from ASML and Nikon to China.
Intel Shares Plummet After Weak Earnings, Sales Forecast
Intel is continuing to be hit hard by the sluggish PC market and tech spending slowdown, with revenue declines across its key business units.
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
German software giant SAP becomes the latest enterprise tech company to cut staff in a push to improve profitability.
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Peacock added five million paying subscribers to finish the year with more than 20 million but the costs were high.
Venture Firm NEA Raises $6.2 Billion
Limited partners are more willing to back established firms like NEA during the downturn in funding.
Elon Musk Tells Tesla Investors Twitter Acquisition is Good for Automaker
The Cybertruck won’t reach meaningful production levels until 2024, Musk said.
Meta to Reinstate Donald Trump’s Accounts on Facebook and Instagram
The announcement comes two years after Trump was banned from the platforms over comments related to the Jan. 6 riot at the U.S. Capitol.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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